Hindustan Unilever scales new record high

NEW DELHI: Shares of Hindustan Unilever (HUL) surged as much as 4.36 per cent in early trade on Wednesday and scaled their new record high after a global brokerage firm upgraded shares of parent company Unilever PL

Shares of HUL were trading 3.88 per cent up at Rs 989. The scrip opened at Rs 954.20 and touched a high and low of Rs 993.60 and Rs 954.15, respectively, in trade so far. Benchmark BSE Sensex was trading 212.96 points, or 0.71 per cent, up at Rs 30,146.

On the BSE, 6.88 crore shares were traded in the counter so far, compared with average daily volumes of 1.52 lakh shares in the past two weeks.

For the quarter ended December 31, 2016, the company reported a net profit of Rs 1037.93 crore, up 6.82 per cent, against Rs 971.66 crore in the corresponding quarter last year. Net sales of the company dipped 1.23 per cent year-on-year to Rs 7,512.52 crore.